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GST, VAT to contribute over 62% to total receipts of
Delhi govt in FY23
The GST and the VAT will be the biggest contributors to
the Delhi government's tax revenue which is estimated at
Rs 47,700 crore for 2022-23
The GST and the VAT will
be the biggest contributors to the Delhi government's
tax revenue which is estimated at Rs 47,700 crore for
2022-23, according to the budget presented in the
Assembly by Deputy Chief Minister Manish Sisodia on
Saturday.
The budget for 2022-23 has
pegged the total receipts at Rs 75,800 crore, of which
62.9 per cent or Rs 47,700 crore will be the tax
revenue. Other major contributors will be Small Savings
Loans and Goods and Services Tax (GST) compensation) at
Rs 10,000 crore each or 13.2 per cent, showed the budget
document.
The tax revenue will comprise Rs 9,500 crore (20 per
cent) from state excise in 2022-23. The Delhi government
last year launched its new excise policy, quitting the
retail liquor business, and issuing licences for 849
vends across the city to private parties through open
tender.
The GST and the Value Added Tax (VAT) will contribute 65
per cent or Rs 31,200 crore to the total tax revenue in
2022-23. Around Rs 5,000 crore (11 per cent) will come
from stamps and registration fee and Rs 2,000 crore (4
per cent) from motor vehicle taxes.
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Out of the total budget outlay of Rs 75,800, the highest
budgetary allocation is Rs 16,278 crore or 22 per cent
for the education department, followed by Rs 9,769 crore
(13 per cent) for health, Rs 9,539 crore (12.5 per cent)
for transport, roads and bridges, Rs 7,610 crore (10 per
cent) for Water Supply and Sanitation and Rs 5,766 crore
(8 per cent) for Housing and Urban Development.
The allocation for Social Welfare and Social Security is
Rs 4,843 crore or 6 per cent of the total budget while
Rs 4,715 crore is estimated as public debt.
Source:::BUSINESS STANDARD,
dated 26/03/2022.
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